St. Vincent's Hospital Manhattan files for bankruptcy
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April 15, 2010
St. Vincent's Hospital Manhattan filed its long-expected petition for bankruptcy, indicating that its largest unsecured creditor was a federal pension insurance agency. The petition for Chapter 11 bankruptcy, filed in Federal District Court in Manhattan, showed liabilities of more than $1 billion. The hospital said the bankruptcy filing would allow it to continue caring for patients as it closes, the New York Times reports.
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